The Danish bulk operator saw its bottom line hit $10.4m in the opening six months of 2013, beating the $6.0m of a year ago.
Its stronger showing came as revenue raced from $335.8m to $399.8m year-on-year.
Ultrabulk has also narrowed its full-year guidance after what it calls a sound first-half.
It is now predicting a core operating profit of between $15m and $22m.
